Cutting Expenses And Saving Money

Photo by Michael Longmire on Unsplash

Finally acting on advice from multi-millionaires and billionaires that I’ve heard a thousand times.

I spend a lot of time reading books, news articles, and blog posts on making money and personal finance.

Here’s something everything I read brings up:

“The rich save more than they spend.”

The advice sounds so obvious. You can’t become rich if you spend more than you earn.

But it’s crazy how many people in the world spend more than they earn. Just look at all the debts in the world.

Of course, we will all say that there are just some things we can’t avoid spending on. Education, housing, children, etc.

I’m a 17-year-old kid so I hardly know about any of that. Without any credit cards or the ability to sign loans, I can’t spend more than what I have.

But I don’t save much money either.

My monthly $500 paycheck is reduced to almost nothing by the end of each month.

Since the start of my part-time job, I have earned over $10,000. Yet, my bank account sits at a mere $300.

What happened?

I ended up spending all my money on random business tools and courses as well as things like food and badminton stuff that I was…